BNP Paribas plans U.S investment banking expansion

NEW YORK (MarketWatch) -- BNP Paribas
BNP, -0.20%
has plans to expand its U.S. investment banking operation, said a report on Friday in The Wall Street Journal. The French bank is considering hiring 100 to 200 people for the expansion which could be announced with more detail later this year, said the report. The new hires could allow Europe's third-biggest bank to raise its revenue target by $1.33 billion in the next 2-3 years. BNP Paribas shares rose slightly on the Paris exchange.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.